BWA vs DASH: Correlation
Measured on weekly returns over the past three years, BorgWarner Inc. (BWA) and DoorDash (DASH) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWA and DASH?
Over the past 3 years, BWA and DASH moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.22). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is -284.4 %².
Out of 16 assets tracked against BWA, DASH lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with BWA ahead by 56.5 points (+50.9% versus -5.6%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BWA vs DASH: side by side
| BWA (BorgWarner Inc.) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +50.9% | -5.6% |
| 5-year return | +84.0% | +20.3% |
| Volatility (ann.) | 29.6% | 44.1% |
| Beta vs S&P 500 | 0.54 | 1.73 |
| Max drawdown (3Y) | -38.7% | -48.0% |
| Market cap | $13.2B | $101.0B |
| P/E (trailing) | 31.9 | 123.3 |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BWA | DASH |
|---|---|---|
| 2022 | -9.2% | -67.2% |
| 2023 | +2.5% | +102.6% |
| 2024 | -10.2% | +69.6% |
| 2025 | +43.9% | +35.0% |
| 2026 | +44.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWA and DASH good diversifiers for each other?
Yes. With a correlation of -0.22, BWA and DASH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BWA and DASH?
As of 2026-08-27, the correlation of weekly returns between BWA and DASH is -0.22 over 3 years, -0.36 over 1 year and 0.12 over 5 years.
Is DASH a good diversifier for BWA?
Yes. With a correlation of -0.22, BWA and DASH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwa-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwa-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BWA correlations · DASH correlations
